Three people have been jailed in Hong Kong for stealing art said to be worth millions, including a calligraphy scroll written by former Chinese communist leader Mao Zedong.The thieves had been unaware ... ( read original story ...)
Hong Kong’s Q1 GDP Contracts by 4% Y/y; 2022 Growth Forecast Revised Down
Hong Kong's economy contracted by 4% in the first quarter from the same period a year earlier, government data showed on Friday, ending four quarters of recovery as the city imposed its most stringent ... ( read original story ...)
Hong Kong police arrest 17 over money-laundering syndicate behind HK$97 million handled in past 16 months
“We discovered that some of the accounts had 1,000 transactions involving more than HK$100,000, in a single day,” the senior inspector said. Tuen added that dividing a large sum of money into smaller ... ( read original story ...)
Hong Kong churches no longer off-limits as Beijing tightens grip on dissent
Churches are tightly controlled in mainland China, and that now appears to be the fate for Hong Kong's religious institutions, some of which had a major role in the city's activism. ( read original story ...)
Once a shining light, foreign investors abandon Hong Kong office space as slowing economy weighs on sentiment
Average central business district office yields stood at around 2.8 per cent in the first quarter, whereas retail and industrial property yields stood at 3 and 3.4 per cent, respectively. “The one ... ( read original story ...)
HSBC pressed to spin off Asian business
About 65% of HSBC’s of pretax profit last year came from Asia, and Hong Kong is the bank’s single largest market. However, HSBC has argued that while Asia appears to be the dominant source of its ... ( read original story ...)
Hong Kong finance sector teams up with universities to plug green finance and ESG talent gap, tap China opportunities
Hong Kong's financial sector and universities are working together to equip the city's professionals with the knowledge and skills they need to tap the huge decarbonisation opportunities in China, an ... ( read original story ...)
Trio jailed for Hong Kong’s priciest art heist
Three burglars who carried out a record-breaking $637 million art heist in Hong Kong but remained oblivious to the value of their historic haul were jailed Friday, local media reported. ( read original story ...)
Hong Kong Cuts GDP Growth Forecast as Risks Mount With Covid
Financial Secretary Paul Chan had already warned Sunday that pressures from Covid outbreaks and the US Federal Reserve’s interest rate hikes will inevitably push Hong Kong to cut its growth forecast ... ( read original story ...)
Escape From Hong Kong
But inside, Tommy felt panicked and desperate. He was about to attempt an escape from Hong Kong, where he faced a near-certain jail sentence for his role in the prodemocracy protests there. He feared ... ( read original story ...)
HSBC Buys back over 1.747M Shrs in HK, London Ytd for over $81.03M
HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 1.7472 million shares in the London and Hong Kong markets yesterday (12th), involving approximately HKD81.0329 million. The group ... ( read original story ...)
Hong Kong sells US$1 billion in two days to defend currency peg as traders seeking higher US yields spark capital outflows
The city’s de facto central bank stepped into the currency market again on Friday morning, its third intervention in two days to lift the local dollar from its weakest level in more than three years. ( read original story ...)
Hong Kong’s Top Female Entrepreneurs: Dorothy Chau
Some of Hong Kong’s most exciting and ground-breaking start-ups ... nothing beats the joy of finding start-up success and doing something you love. But what does it mean to be a successful ... ( read original story ...)
Arrest of Cardinal Zen send chills through Hong Kong’s Catholic church
We’ll send you a myFT Daily Digest email rounding up the latest Hong Kong politics news every morning. Even before the arrest this week of its former top cleric, Hong Kong’s Catholic church had been ... ( read original story ...)